EURUSD pares the biggest daily gains of the week while posting mild losses early Friday. Even so, the Euro pair remains on the way to posting a four-week uptrend as traders prepare for the European Central Bank (ECB) Monetary Policy Meeting Accounts, also known as the ECB Minutes, as well as the preliminary readings of the US UoM Consumer Sentiment Index and...
GBPUSD stays defensive at the lowest level in a week, snapping a two-day losing streak, as the pair traders await the Bank of England’s (BoE) Monetary Policy Announcements, as well as the quarterly monetary policy report that makes the day a “Super Thursday”. It’s worth noting that the 100-SMA puts a short-term trading floor under the prices near 1.2480,...
Symbol - EURUSD EURUSD is currently trading at 1.06350 I'm seeing a trading opportunity on buy side. Buying EURUSD pair at CMP 1.06350 I will be adding more if 1.06000 comes & will hold with SL of 1.05500 Targets I'm expecting are 1.08030 - 1.08500 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my...
On Tuesday, the Reserve Bank of Australia (RBA) kept its monetary policy unchanged, as expected, and dragged the AUDUSD pair back from an intraday high. With this, the Aussie pair defies Friday’s breakout of a four-month-old descending resistance line, terming it the “false breakout” or “fakeout”. In addition to the fakeout, the RSI’s retreat from the overbought...
USDJPY bounces off a one-month low to snap a three-day winning streak early Monday. In doing so, the Yen pair takes a U-turn from the 61.8% Fibonacci ratio of its March-April upside amid a nearly oversold RSI. Given the receding bearish strength of the MACD signals and the quote’s rebound from the key Fibonacci ratio, as well as the RSI (14) line’s recovery from...
GBPUSD grinds higher past 50% Fibonacci retracement of October 2023 to March 2024 upside as traders await more clues about Friday’s US employment report for April. In doing so, the Pound Sterling extends the late April rebound from a 61.8% Fibonacci ratio surrounding 1.2365, also known as the golden Fibonacci ratio. That said, the bullish MACD signals and a steady...
EURUSD remains pressured at the lowest level in a week, extending the late April’s retreat from 20-SMA and a six-month-old support-turned-resistance, as traders await the US Federal Reserve (Fed) monetary policy announcements. The Euro pair’s weakness also takes clues from an impending bear cross on the MACD and an absence of oversold RSI conditions. With this,...
A mixed bag of Japan statistics triggered the USDJPY pair’s fresh run-up early Tuesday. In doing so, the Yen pair justifies mostly downbeat employment and activity data from the Asian major while reversing the previous day’s retreat from the highest level since 1990. Also favoring the upside bias are the bullish MACD signals and the quote’s U-turn from a...
AUDUSD remains on the front foot at the highest level in nearly a fortnight, after jumping the most on a week since December 2023, during the early hours of the key week comprising the monetary policy meeting of the US Federal Reserve (Fed) and the US monthly employment report. In doing so, the risk-barometer pair justifies the upside break of the 100-day...
USDJPY prints a three-day winning streak while rising to a fresh high since 1990 as it justifies the Bank of Japan’s (BoJ) dovish halt. That said, the BoJ kept its benchmark rates unchanged, as expected, but omitted the mention of bond buying operations which were anticipated to suggest the Japanese central bank’s hawkish turn. With this, the Yen pair pokes an...
EURUSD may began Short move EURUSD on 4H Order Block on good bearish spike possible
Gold price portrays a four-day losing streak as market players brace for the first readings of the US first quarter (Q1) 2024 Gross Domestic Product (GDP). In doing so, the XAUUSD justifies the previous day’s downside break of a $2,324 support confluence, now resistance, comprising the 21-SMA and a two-month-old upward-sloping trend line. It’s worth noting that...
EURUSD SHORT Wait for retest .. EURUSD ready for short ... mark these zones and go zone to zone only
AUDUSD rises to the highest level in a week, up for the third consecutive day, as Australia Inflation numbers for March defend hawkish bias about the Reserve Bank of Australia (RBA) and underpin the Australian Dollar (AUD) strength. However, the overbought RSI could join the 200-SMA hurdle of 0.6535 to cap short-term upside of the Aussie pair. Following that, a...
EURUSD struggles to defend the previous week’s rebound from a yearly low as traders await preliminary readings of the Eurozone and the US PMI data for April. Apart from the pre-data anxiety, sluggish prints of the RSI (14) and the MACD signals also suggest a lack of momentum. Even so, the sellers appear hopeful as the major currency pair stays within a...
XAUUSD Long near Bullish OB XAUUSD near 1H TF Bullish OB zone Long Target 2390 2392
GBPUSD bears take a breather after a two-week downtrend as the quote bounces off the lowest level since mid-November 2023. In doing so, the Pound Sterling takes a U-turn from the 61.8% Fibonacci retracement of its run-up from October 2023 to February 2024, also known as the “Golden Fibonacci Ratio”, while justifying the traders’ consolidation ahead of this week’s...
EURUSD extends the previous day’s pullback from a four-month-old support-turned-resistance as sour sentiment underpins the US Dollar demand early Friday. In doing so, the Euro pair takes clues from the bearish MACD signals while paying little attention to the RSI (14) line suggesting a weak support for the current momentum. With this, the quote appears well set to...